ROCKVILLE, Md.--(BUSINESS WIRE)--ZeniMax Media Inc. and its subsidiary, id Software LLC, filed suit today
against Oculus VR, Inc. and its founder, Palmer Luckey, for illegally
misappropriating ZeniMax trade secrets relating to virtual reality
technology, and infringing ZeniMax copyrights and trademarks. ZeniMax is
also asserting claims for breach of contract, unjust enrichment, and
unfair competition against the defendants. The suit was filed in federal
court in the U.S. District Court for the Northern District of Texas.

The suit arises from the defendants’ unlawful exploitation of
intellectual property, including trade secrets, copyrighted computer
code, and technical know-how relating to virtual reality technology that
was developed by ZeniMax after years of research and investment. ZeniMax
provided this valuable intellectual property to defendants under a
binding Non-Disclosure Agreement that specifies such intellectual
property is owned exclusively by ZeniMax and cannot be used, disclosed,
or transferred to third parties without ZeniMax’s approval. ZeniMax’s
intellectual property has provided the fundamental technology driving
the Oculus Rift since its inception. Nevertheless, the defendants
refused all requests from ZeniMax for reasonable compensation and
continue to use ZeniMax’s intellectual property without authorization.

All efforts by ZeniMax to resolve this matter amicably have been
unsuccessful. Oculus has recently issued a public statement remarkably
claiming that “ZeniMax has never contributed IP or technology to
Oculus.” Meanwhile, Luckey has held himself out to the public as the
visionary developer of virtual reality technology, when in fact the key
technology Luckey used to establish Oculus was developed by ZeniMax.

“Intellectual property forms the foundation of our business,” said
Robert Altman, Chairman & CEO of ZeniMax. “We cannot ignore the unlawful
exploitation of intellectual property that we develop and own, nor will
we allow misappropriation and infringement to go unaddressed.”

"ZeniMax and id Software take their intellectual property rights
seriously," said P. Anthony Sammi, a Partner of Skadden, Arps, Slate,
Meagher & Flom LLP which represents ZeniMax and id in this matter. "We
now look to the federal courts and will pursue all appropriate measures
available under the law to rectify defendants’ egregious conduct," he
added.